TLDR:
- Elon Musk’s AI venture, X.AI Corp., is closing a funding round at a valuation of about $18 billion.
- The funding round involves contributions from prominent venture capital firm Sequoia Capital and aims to raise $6 billion.
Elon Musk’s AI venture, X.AI Corp., is on the verge of finalizing its latest funding round at an impressive valuation of around $18 billion. The specifics of the funding round, including size and timing, are still being fine-tuned. Notable participants, such as Sequoia Capital, are gearing up to contribute a substantial $6 billion to the round. X.AI Corp’s marketing strategy involves highlighting Elon Musk’s successful track record at Tesla Inc. and SpaceX to attract potential investors. With a strong pitch deck and Musk’s influence, X.AI Corp is poised to make significant strides in the competitive AI industry.
